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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 10 –  RELATED PARTY TRANSACTIONS

On December 16, 2016 Ammo purchased a promissory note in the amount of $1,035,000 from a related party. Ammo paid $75,000 on the note in 2016 and $960,000 in 2017 and recorded imputed interest of $46,340.

Our executive offices are located in Scottsdale, Arizona where we lease approximately 5,000 square feet under a month-to-month triple net lease for $3,800 per month.  This space houses our principal executive, administration, and marketing functions. Our CEO owns the building in which our executive offices are leased.

During the year ended December 31, 2017, Ammo paid approximately $212,700 in consulting fees, $143,000 in rents and corporate overhead and reimbursed general corporate expenses of $121,500 to related parties.